Nihon Kohden (OTCMKTS:NHNKY) Shares Up 11.7% - Here's What Happened

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report) shares shot up 11.7% during mid-day trading on Wednesday . The stock traded as high as $12.99 and last traded at $12.99. 1,329 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 5,675 shares. The stock had previously closed at $11.63.

Nihon Kohden Stock Up 13.9%

The company has a 50 day simple moving average of $12.12 and a 200-day simple moving average of $13.52. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 23.66 and a beta of 0.37.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter. Nihon Kohden had a return on equity of 7.20% and a net margin of 6.23%. The firm had revenue of $439.11 million for the quarter.

Nihon Kohden Company Profile

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.